Look for buy orders towards 107.085. | 19 أغسطس 2019

Wave Analysis The cable is currently trading within a tight channel formation. As long as the [rice remains within this range formation, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) but should not go beyond the level 107.085. This is a key resistance level both on the 4 hours and the daily charts, and while the price is contained below it, we’re waiting for a clear bounce from it to pick a low risk sell order. Another good place to look for a long term sell is below 1050046, if price breaks below this level, this will be a confirmation that we’re continuing downwards. Trade Recommendations: Look for buy orders towards 107.085.